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Global Reach
12 Nov 2010

Admission to Trading

TRANSCONTAINER ANNOUNCES ADMISSION TO THE OFFICIAL LIST AND COMMENCEMENT OF UNCONDITIONAL DEALINGS ON THE MAIN MARKET OF THE LONDON STOCK EXCHANGE

RNS Number : 0835W
OJSC Transcontainer
12 November 2010
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA
 
 
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE, NOR A SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SECURITIES, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
 
This press release is an advertisement and not a prospectus and investors should not subscribe for or purchase any shares in the form of global depositary receipts or other securities referred to in this press release except on the basis of information in the prospectus published by Open Joint Stock Company TransContainer  on 9 November 2010 in connection with the admission of the shares (including in the form of global depositary receipts) to the Official List of the Financial Services Authority. The prospectus is now available in a printed form at the registered office of Open Joint Stock Company TransContainer following its publication. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares (including in the form of global depositary receipts) or other securities of Open Joint Stock Company TransContainer, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of Open Joint Stock Company TransContainer.
 
For Immediate Release                                                                                   12 November 2010
 
 
JSC TRANSCONTAINER
 
TRANSCONTAINER ANNOUNCES ADMISSION TO THE OFFICIAL LIST AND COMMENCEMENT OF UNCONDITIONAL DEALINGS ON THE MAIN MARKET OF THE LONDON STOCK EXCHANGE
 
 
Open Joint Stock Company TransContainer ("TransContainer" or the "Company"), the leading intermodal Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container
transportation and integrated The process of organising a chain of delivery, and managing that chain in the broadest sense. This chain may encompass both deliveries of raw materials needed for production and management of material resources at an enterprise, delivery to warehouses and distribution centres, sorting, handling, and final distribution at the points of consumption. In the context of transportation services, the main service is that of delivering cargo across a delivery route.
logistics
solutions company in Russia, and the principal container transportation subsidiary of Open Joint Stock Company Russian Railways (the "Russian Railways"), announces today that its global depository receipts ("GDRs") have been successfully admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market. Unconditional dealings in TransContainer's GDRs commenced at 8am today under the symbol TRCN.
 
J.P. Morgan, Morgan Stanley, and Troika Dialog are acting as joint global coordinators and joint bookrunners of the Offering (the "Joint Bookrunners"). TKB Capital is acting as a co-bookrunner of the Offering.
 
 
For further information contact:
 
College Hill  
Tony Friend, Simon Whitehead, Leonid Fink, Gareth David  +44 207 457 2020
 
Mikhailov & Partners 
Alexey Shchedrin, Andrey Bykasov  +7 495 956 3972
 
Notes to Editors
 
TransContainer is the leading intermodal container transportation and integrated logistics solutions company in Russia.
 
The Company provides comprehensive container transportation and A form of payment for sea transportation of cargo, or the use of a ship for a certain period of time. Freight payment is determined by the volume of cargo delivered to the destination
or by the volume of cargo loaded onto the ship.
freight
management services and is the market leader in Russia by A specialised type of rolling stock designed to carry ISO containers.
flatcar
fleet size, twenty-foot equivalent units ("TEUs") transported by rail and rail-side A place equipped for the trans-shipment and storage of containers. A container terminal
typically includes one or more container yards. Rail-based container terminals are equipped with spur tracks for loading and unloading containers to/from railroad platforms (cars).
container terminal
throughput, and its market share as of 30 June 2010 in these categories was approximately 60%, 53% and 34%, respectively, according to A.T. Kearney.
 
The Company is currently the principal subsidiary of Russian Railways engaged in the container transportation business.
 
TransContainer:
 
•      Operates approximately 25,500 flatcars, which transported approximately 1.1 million TEUs in 2009 and 0.55 million TEUs in the first half of 2010;
 
•      Owns a network of rail-side container terminals located at 46 railway stations from St Petersburg to Vladivostok in Russia and operates one terminal in Slovakia. The Company's terminals, many of which are located along Russia's busiest transportation corridors, had a throughput of approximately 1.46 million TEUs in 2009, and 0.73 million TEUs in the first half of 2010;
•      Integrates its terminal infrastructure, nationwide sales network, transportation assets, operational know how and market knowledge, to provide a wide range of reliable and tailored intermodal container transportation and integrated logistics solutions to its customers throughout Russia and the CIS;
•      Leverages its unique asset base to service a customer base of more than 200,000 customers, with approximately 20,000 of those being regular customers from across a broad range of industries including automotive, manufacturing, pulp and paper, non-ferrous metals, and consumer goods;
 
•      Has an extensive sales network, consisting of approximately 150 offices and service centres in Russia as well as presence in the CIS, Europe and Asia, which allows it to efficiently serve its existing customers and attract new customers; and
•      Had revenue in 2009 of RUR 16.4 billion (approximately US$ 537 million) and net income of RUR 590 million (approximately US$ 19 million). The Company's assets were RUR 30.7 billion (approximately US$ 1,016 million) as of December 31, 2009.
 
You can find more information about TransContainer on its corporate website: www.trcont.ru
 
Important Notice
 
The information contained in this press release is not an offer, or an invitation to make offers, sell, purchase, exchange or transfer any depositary receipts in the Russian Federation or to or for the benefit of any Russian person or any person in the Russian Federation, and does not constitute an advertisement of any depositary receipts in the Russian Federation.  The depositary receipts have not been, nor will be, admitted to public placement and/or public circulation in the Russian Federation and may not be offered to any person in the Russian Federation except as provided by Russian law.
 
This press release and any offer when made are only addressed to and directed, in member states of the European Economic Area which have implemented the Prospectus Directive (each, a "relevant member state"), at persons who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). Each person who initially acquires any securities or to whom any offer of securities may be made will be deemed to have represented, acknowledged and agreed that it is a Qualified Investor.
 
The information contained in this press-release is not for release, publication or distribution in whole or in part in or into the United States.  This press-release does not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States.  The securities referred to in this press-release have not been and will not be registered under the US Securities Act of 1933, as amended, (the "Securities Act") and may not be offered or sold in the United States absent registration under the Securities Act or pursuant to an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
 
This press-release is only being distributed to and is directed only at (i) persons who are outside the United Kingdom, or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons").  Any investment or investment activity to which this press-release relates will only be available to and will only be engaged in with relevant persons.  Any person who is not a relevant person should not act or rely on this press-release or any of its contents.
 
No action has been taken by the Company, the Joint Bookrunners, TKB Capital or any of their respective affiliates that would permit an offering of the securities or possession or distribution of this press release or any offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this press release comes are required by the Company and the Joint Bookrunners to inform themselves about and to observe any such restrictions.
 
J.P. Morgan Securities Ltd., Morgan Stanley & Co. International plc., CJSC Investment Company Troika Dialog, TD Investments Limited and TKB Capital (CJSC) are acting exclusively for TransContainer and no one else in connection with the offering. They will not regard any other person (whether or not a recipient of this announcement) as their respective clients and will not be responsible to anyone other than TransContainer for providing the protections afforded to their respective clients nor for giving advice in relation to the offering and, the contents of this announcement or any transaction or arrangement referred to herein.
 
In connection with the offering Morgan Stanley (the "Stabilizing Manager") (or persons acting on behalf of the Stabilizing Manager) may (but are under no obligation to) effect transactions in the global depositary receipts with a view to supporting the market price of the global  depositary receipts at a level higher than that which might otherwise have prevailed in the open market.  However, there is no assurance that the Stabilizing Manager (or persons acting on behalf of the Stabilizing Manager) will undertake stabilization action.  Any stabilization action may begin on or after the date on which adequate public disclosure of the final price of the global depositary receipts is made (being the date of this announcement) and, if begun, may be ended at any time, but it must end no later than 30 days after the date of such adequate public disclosure of the final price of the global depositary receipts.  Any stabilization action must be conducted by the relevant Stabilizing Manager (or person(s) acting on behalf of any Stabilizing Manager) in accordance with all applicable laws and rules.  Save as required by law or regulation, neither the Stabilizing Manager nor any of their agents intends to disclose the extent of any stabilization transactions conducted in relation to the Offering.
                                              
The information contained in this press-release is restricted and is not for distribution in whole or in part in Australia, Canada or Japan.
*************
 
Forward-Looking Statements: Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may," or "might," or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. The Company does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in the Company's projections or forward-looking statements, including, among others, general economic and market conditions, the Company's competitive environment, risks associated with operating in Russia, rapid technological and market change, and other factors specifically related to the Company and its operations.
 

This information is provided by RNS
The company news service from the London Stock Exchange

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